Improving efficiency via digitalization may offset negative factors such as the drying up of EU funding, and may prevent a significant decline in GDP growth in Hungary, András Somkuti, president of the Docler Group and CEO of e-signature specialist Netlock, says in a press release sent to the Budapest Business Journal.

Hungary initiated an infringement procedure against Austria on Tuesday over changes introduced by the government in Vienna to the country’s child benefit system, according to a report by Hungarian news agency MTI.

Spending on recreation and culture accounts for about 7.2% of the total expenditure of Hungarian households, a relatively low level compared to other countries in the region, data compiled by EU statistical body Eurostat shows.

Officials from the transport ministries of Hungary, Bulgaria, Poland and Lithuania have taken a unified stand in Brussels against planned measures affecting road haulage firms from countries outside of the European Union, the Ministry for Innovation and Technology said on Thursday, according to a report by state news wire MTI.

The National Bank of Hungaryʼs (MNB) international reserves stood at EUR 27.403 billion at the end of December, up EUR 2.69 bln from the end of the previous month, preliminary data released Tuesday show.

According to the European Commissionʼs official statistics agency Eurostat, Hungary has by far the lowest ratio of police officers to population in the European Union, at less than one-third of the EU average.

Moodyʼs Investors Service highlighted weak government balance sheets and banking system event risks among key credit weaknesses of Hungary, saying that the countryʼs credit profile is akin to that of fellow "Baa3 stable"-rated countries Italy and Portugal in its latest report.